PEPE founder doxxed on Twitter, following suspicious internal transfers, 16% decline in meme coin

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PEPE founder doxxed on Twitter, following suspicious internal transfers, 16% decline in meme coin
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PEPE meme coin’s founder was doxxed in a tweet by an NFT marketplace founder early on Friday morning. Jeremy Cahen, the founder of Not Larva Labs, rev

While initially the multi-sig wallet required five of eight associated wallets’ approval, the criteria was changed to two before the mysterious transfers began. This roused suspicion in the crypto community. As PEPE holders grappled with the uncertainty, the token’s price has declined to $0.00000087 on Binance. Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar , with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies.

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